PROG Holdings, Inc. (NYSE:PRG - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 448,771 shares were traded during trading, an increase of 55% from the previous session's volume of 288,736 shares.The stock last traded at $43.50 and had previously closed at $43.07.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. TD Cowen raised shares of PROG to a "strong-buy" rating in a research report on Friday, November 29th. Raymond James raised shares of PROG from a "market perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research report on Thursday, October 24th. Finally, Stephens reiterated an "overweight" rating and issued a $60.00 price objective on shares of PROG in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PROG currently has a consensus rating of "Buy" and an average target price of $53.83.
Read Our Latest Stock Analysis on PROG
PROG Price Performance
The company has a debt-to-equity ratio of 0.94, a current ratio of 4.97 and a quick ratio of 2.34. The firm has a market capitalization of $1.80 billion, a P/E ratio of 12.04 and a beta of 2.18. The firm's 50 day simple moving average is $43.00 and its two-hundred day simple moving average is $45.10.
Hedge Funds Weigh In On PROG
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Whittier Trust Co. bought a new stake in PROG during the third quarter worth about $26,000. Financial Management Professionals Inc. bought a new stake in PROG during the 3rd quarter valued at approximately $33,000. Summit Securities Group LLC bought a new stake in PROG during the 4th quarter valued at approximately $38,000. GAMMA Investing LLC raised its stake in PROG by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 805 shares of the company's stock valued at $39,000 after purchasing an additional 337 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in PROG by 765.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,082 shares of the company's stock valued at $46,000 after buying an additional 957 shares in the last quarter. Hedge funds and other institutional investors own 97.92% of the company's stock.
About PROG
(
Get Free Report)
PROG Holdings, Inc NYSE: PRG is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.
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